BioSolar to Benefit from Expected Solar Surge

Within a decade, more than 35 million buildings may be generating
their own solar electricity at prices lower than public utilities offer,
sufficient to power almost 10% of the U.S.

January 23, 2013 03:01 AM Eastern Standard Time

SANTA CLARITA, Calif.--(BUSINESS WIRE)--BioSolar, Inc. (OTC: BSRC), developer of breakthrough products and
materials that reduce the cost of photovoltaic (PV) solar modules, today
announced that it expects to benefit from the surge in demand for solar
energy.

A report recently released by the Institute for Local Self-Reliance,
forecasts that within a decade, more than 35 million buildings may be
generating their own solar electricity (without subsidies) at prices
lower than their utility offers, sufficient to power almost 10% of the
country.

Dr. David Lee, the company’s CEO, commented, “The solar industry has
been through a very tough year; however, the future is very bright for
the survivors. We expect to see a very powerful surge in demand for
solar energy. In addition to demand for distributed systems for
individual buildings, we are seeing tremendous growth with public
utilities. Big investors, such as Warren Buffet are now entering the
market.”

MidAmerican Energy Holdings Company (backed by Warren Buffett's
Berkshire Hathaway Inc.) is buying two co-located solar projects in
California, billed as the world's largest permitted solar PV power
development. The transaction for Antelope Valley Solar Projects,
totaling approximately 579 megawatts of combined generation capacity, is
for an unspecified amount between $2 and $2.5 billion.

“The energy market is by far the largest market in the world and solar
is the fastest growing segment of the energy market,” continued Dr. Lee.
“Solar is expected to grow by 15% annually, which should make solar
panels at least 25 times more ubiquitous by 2040. The demand for
electricity is nearly insatiable. The U.S. is by far the world's
greatest user of energy per capita in the world. Each American uses
about 87,000 kilowatt-hours per year – that is twice as much as the
European Union, the next closest consumer. Also, we expect to see
increased demand for electricity from China and India and these will be
very strong markets for solar.”

Dr. Lee concluded, “BioSolar is very well positioned to benefit from
this surge in demand for solar. Our patent pending BioBacksheet is the
world’s first UL certified solar panel backsheet made from renewable
materials and features two distinct benefits that are unmatched by
existing backsheets. First, BioBacksheet’s high thermal conductivity
rapidly draws heat away from the solar cells, which can increase the
power output of the entire solar panel. Second, BioBacksheet’s USDA
BioPreferred Certification allows solar panels to be marketed as more
sustainable and socially responsible, and preferred by U.S. government
agencies.”

About BioSolar, Inc.

BioSolar, Inc. develops breakthrough products and materials that reduce
the cost of photovoltaic (PV) solar modules. Most of the solar industry
is focused on photovoltaic efficiency to reduce cost. BioSolar is the
first company to introduce a new dimension of cost reduction by
replacing petroleum-based plastic solar cell components with durable
bio-based materials. BioBacksheet, the company’s first backsheet
product, is currently available to solar manufacturers. BioSolar is now
developing EcoBacksheet, its second backsheet product that will further
reduce the cost of solar energy. To learn more about BioSolar, please
visit our website at http://www.biosolar.com.

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statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements. Actual
results, performance or achievements could differ materially from those
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contained herein. These forward-looking statements are based largely on
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